Passbook account definition

Passbook account means an account under which debits and credits are posted by the bank recording them in a passbook originally given by the bank to the customer and presented to the bank for such recording by the customer.

Passbook account means an ac- count in which the member retains a book or other document in which the credit union records transactions on the account.

Passbook account means an account which is evidenced by a

Examples of Passbook account in a sentence

• In any case you will get the statement at least quarterly).(4) Passbook account where the only possible electronic fund transfers are preauthorized credits.

• You will not receive a periodic statement noting these transactions on your Passbook account.

• In any case you will get the state- ment at least quarterly).(4) Passbook account here the only possible electronic fund transfers are preauthorized cred- its.

• Deposit in the Passbook account opened with the Bank is deemed deposit pursuant to Article 3, par.

• If the only type of electronic fund transactions are preauthorized deposits you will not receive a statement for your Passbook account.

• Their theory further exposed that, in the market economy, there are different financial instruments like Bank Deposits, Passbook account, bonds and equity shares.

• In any case you will get the state- ment at least quarterly).(4) Passbook account where the only possible electronic fund transfers are preauthorized cred- its.

• If you have a Passbook account, it will be converted to a savings account.

• Passbook account where the only possible electronic fund transfers are preauthorized credits.

• When a Client opens a Gold Passbook account, these provisions shall apply in priority.

More Definitions of Passbook account

Passbook account means an account which is evidenced by a passbook, certificate of deposit or similar document.